*** Comments prior to evaluation summary ***
On Monday June 8th, the index was 4.08 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse.
After yesterdays reversal, the index is 1.165 trade periods (to the negative trend) of average trading.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Daily: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions
Price Action:
Daily: The average price range currently is 40.69 points/ticks/pips. Prices are currently 1.16x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices currently are trending and not in consolidation.
Standard Deviation
Daily: Standard deviation suggests a range from 1270.255 to 1442.192 for the follow on trading day.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Daily: Trend strength suggests a trade range of 1331.08 to 1381.37 for the following day.
Price Projection:
The price action has generated a projection signal for the underlying.
Daily: Price currently displays (if strength and attitude continue) a desire to move toward 1270.12
If strength and attitude continue, it could take between 3 to 6 trade periods (days) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Daily: Out of the cumulative indicators monitored, 10.00% are bullish, 50.00% are bearish, 40.00% are neutral
The CCI indicator trading strategy suggest the following:
Daily: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Daily Bearish - Open directional trades
Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Bearish market attitude, enter into Short trades only - do not bet against the trend
Suggested stops base on daily charts:
SAR value at: 1537.62
Close - (ATR * 1.5) at: 1356.22461.035
SMA 13 at: 1441.791
On Monday June 8th, the index was 4.08 trade periods ahead of average trading. Generally when this occurs instruments either stall/reverse.
After yesterdays reversal, the index is 1.165 trade periods (to the negative trend) of average trading.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Daily: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest short positions
Price Action:
Daily: The average price range currently is 40.69 points/ticks/pips. Prices are currently 1.16x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices currently are trending and not in consolidation.
Standard Deviation
Daily: Standard deviation suggests a range from 1270.255 to 1442.192 for the follow on trading day.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Daily: Trend strength suggests a trade range of 1331.08 to 1381.37 for the following day.
Price Projection:
The price action has generated a projection signal for the underlying.
Daily: Price currently displays (if strength and attitude continue) a desire to move toward 1270.12
If strength and attitude continue, it could take between 3 to 6 trade periods (days) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Daily: Out of the cumulative indicators monitored, 10.00% are bullish, 50.00% are bearish, 40.00% are neutral
The CCI indicator trading strategy suggest the following:
Daily: Neutral price action - shorts closed.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Daily Bearish - Open directional trades
Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Bearish market attitude, enter into Short trades only - do not bet against the trend
Suggested stops base on daily charts:
SAR value at: 1537.62
Close - (ATR * 1.5) at: 1356.22461.035
SMA 13 at: 1441.791